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Feb 9, 2013
02/13
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united states again i haven't detected any new kind of and you know with cousins i've had with the u.s. administration in recent times. what i'm working with down on the consequences of britain coming out. more than will be the debate. now that i friend i'm holding a referendum and trying to seventeen or whatever it can be held and i will be well the debates will be about have surely some considerations been given in the home office. as to what the consequences would be for great britain. was that to be a very thin favour of coming up with a pharmacist to work on those products as i was talking about. they agreed program of the coalition government. i did a full program of what become your colleagues official here will test the problems i should let them to follow i don't have the money simply president to get that effect. it's a very poor man to do that job that judgment about a consequence of leaving the european political debate in the future. at the time of a referendum and of course. if the prime minister addressed this in power and his state. when the brief analysis of the speech
united states again i haven't detected any new kind of and you know with cousins i've had with the u.s. administration in recent times. what i'm working with down on the consequences of britain coming out. more than will be the debate. now that i friend i'm holding a referendum and trying to seventeen or whatever it can be held and i will be well the debates will be about have surely some considerations been given in the home office. as to what the consequences would be for great britain. was...
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Feb 4, 2013
02/13
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s&p has gotten ahead of the u.s. government by putting out its own press release saying it would be without factual or legal merit for the doj to sue. as we previously also reported, there were at least -- there was a desire on the part of the doj to get at least a billion dollar settlement and admission of guilt from s&p to drop the charges. s&p said no thank you. it would be a long time until we go to court, but this is an interesting potential case and certainly an important news story that is having significant pressure on both mcgraw-hill stock price and interestingly on that of moody's despite according to our sources there does not seem to be a case mounted against moody's president . at least at this point. >> selling off just in case though. >> absolutely. we're looking at the stock markets reaction. stay right there. we want to get reaction from brian belski and bob pisani. what about this? when you see a move like this in these stocks while we're waiting. what do you want to do? >> first off it was five ye
s&p has gotten ahead of the u.s. government by putting out its own press release saying it would be without factual or legal merit for the doj to sue. as we previously also reported, there were at least -- there was a desire on the part of the doj to get at least a billion dollar settlement and admission of guilt from s&p to drop the charges. s&p said no thank you. it would be a long time until we go to court, but this is an interesting potential case and certainly an important news...
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Feb 22, 2013
02/13
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the u.s. postal service®, no business too small. >>> it's gone largely unnoticed but a new report today warns federal retirement pensions could go bankrupt. they could. get this. the unfunded liability of the federal government's pension system surged to $761.5 billion in 2011 and that's up 139 billion from its deficit in 2010. let's discuss this. we have steer moore, keith boykin. steve they are down $760 odd billion. how will this get resolved. it's like social security. >> yeah. by the way, washington, d.c. pension deficit is better than california's. that's a big number you're talking about here. i want to emphasize one thing to the viewers. this has nothing to do with the budget deficit that you guys were just talking about. this is an addition to the trillion dollar deficits we're running. these are not officially on the books. it's money that the federal government owe these federal retirees. i would make two comments about it. number one, as you know, you covered this, the federal pen
the u.s. postal service®, no business too small. >>> it's gone largely unnoticed but a new report today warns federal retirement pensions could go bankrupt. they could. get this. the unfunded liability of the federal government's pension system surged to $761.5 billion in 2011 and that's up 139 billion from its deficit in 2010. let's discuss this. we have steer moore, keith boykin. steve they are down $760 odd billion. how will this get resolved. it's like social security. >>...
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Feb 26, 2013
02/13
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makes the fed's job easier because the u.s. starts looking like a sea of calm. we were talking about this. if you were a european and would you look at the situation as if illinois was really starting to go and bang bang up and the federal government had to bail them out. that's sort of what the european investors look like, but i think it reaffirms risk on and risk off and does make the jed's job easier and safe haven, buy u.s. treasuries and don't even have to buy as much. >> go ahead. >> would you have been a buyer given what happened yesterday late in the day. >> yeah, yeah, probably would. >> you have knee jerk reactions on the news and the market got caught off action and that's the way the media portrayed the initial, you know, sentiment and what really came. there was a big disconnect there. >> what do you do in the market, if italy is with us for a long time. the fed chief did say if europe doesn't get itself in order that it will impact our economy overall. do you put that to the side and focus more on the fundamentals of the u.s. economy or not? >> th
makes the fed's job easier because the u.s. starts looking like a sea of calm. we were talking about this. if you were a european and would you look at the situation as if illinois was really starting to go and bang bang up and the federal government had to bail them out. that's sort of what the european investors look like, but i think it reaffirms risk on and risk off and does make the jed's job easier and safe haven, buy u.s. treasuries and don't even have to buy as much. >> go ahead....
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Feb 5, 2013
02/13
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i think the u.s. is kind of okay. it's a great time to double down on some of the issues that got beaten up overnight. >> don luskin, it's not a throwaway line. here's obama on the super bowl interview. the guy's talking about raising taxes. he needs to go after investment partnership. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't want to push our luck, it seems to me. >> i think we're pushing our luck already. the market has yet to wake up to the reality of the last tax hike. the problem is obama puts the threats out because this is his way of premeg nating with republicans who are going to come to him in the debate about the sequesters and continuing resolution. obama is saying, don't even talk to me about entitlement reforms. if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold
i think the u.s. is kind of okay. it's a great time to double down on some of the issues that got beaten up overnight. >> don luskin, it's not a throwaway line. here's obama on the super bowl interview. the guy's talking about raising taxes. he needs to go after investment partnership. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't...
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Feb 5, 2013
02/13
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corporates in europe and a week or two later, it hits u.s. financials and then u.s. equities. now, we're about 30%, 40% through that cycle this time. we had a massive blowout in italian yields. 40 basis points? on $2.4 trillion of paper. that is a come los sal move. so, in this case, you've seen the leak over into subordinated financials in europe. so, the banks, in europe, have felt it. so far, the banks in the u.s. have not felt as much. >> b.k.? >> i'm with you on this whole europe being a problem, but the retort to all of this is that europe's fixed. the omt, that's -- that makes europe safe. where do you stand on that? >> the interesting thing in that dynamic is, spain and italy, in the next 30 days, we are a massive corruption scandal in spain. m potentially knocked out of office. in italy, we have -- >> elections. >> elections. and a rising berlusconi. and the last time he was in office, we had 7% yields and a has si pu massive pull-back. the problem is, it all comes down to this sentence. when he says i'll do whatever it takes, he differedn't think he going to have new
corporates in europe and a week or two later, it hits u.s. financials and then u.s. equities. now, we're about 30%, 40% through that cycle this time. we had a massive blowout in italian yields. 40 basis points? on $2.4 trillion of paper. that is a come los sal move. so, in this case, you've seen the leak over into subordinated financials in europe. so, the banks, in europe, have felt it. so far, the banks in the u.s. have not felt as much. >> b.k.? >> i'm with you on this whole...
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Feb 27, 2013
02/13
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and giving us jobs. >> that qualifies as u.s. >> it is giving us money in the u.s. you have chath noog a tennessee, building past sats there and i also think they overlooked on the list the jetta diesel. it is completely overlooked and a hybrid that gets better fuel economy than a lot of had i brids out there. i have a deasel and fell in love with it. i think it is fantastic. she have sigh coming out with their own diesel. >> it is very interesting. are the hybrids going to make it? are the electric battery cars going to make it? >> i think you need to have radical angz in technology to work. they're too heavy. too bulky. too limited in range. so the hybrid is a way of making an even more complicated vehicle because now you have combustion engine plus an electric one. i frankly think that better than that would not gas powered thing. >> i owned a hybrid suv and i won't name the name, but it was a disaster. thank you. you're all great to do this. that's it for this evening's show. i am larry kudlow. i own an american car and didn't get a bailout either. we will see y
and giving us jobs. >> that qualifies as u.s. >> it is giving us money in the u.s. you have chath noog a tennessee, building past sats there and i also think they overlooked on the list the jetta diesel. it is completely overlooked and a hybrid that gets better fuel economy than a lot of had i brids out there. i have a deasel and fell in love with it. i think it is fantastic. she have sigh coming out with their own diesel. >> it is very interesting. are the hybrids going to...
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Feb 13, 2013
02/13
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labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of costco. senator marco rubio interrupted his official gop response as you know by taking a sip of water from that poland spring bottle. less than a week after tweeting his frustrations with apple and making a pitch for samsung. other than samsung and poland spring, what product would the senator be a perfect spokesperson for and why? tweet us @squawkstreet, your answers are next. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through
labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of...
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Feb 21, 2013
02/13
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sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the product they are selling, groupon goods, tend to lower margin. the one risk is we think this is positive for revenue but that drives the stock higher. one of the concerns we have is goods number means for the overall gross margin. >> groupon has been a push company. they fill your in box with stuff. fewer people are checking them out. it's trying to become a pull company, a mobile company. is it doing it well, gene, and is groupon the same company it was 12 months ago? >> it's a different company than it was 12 months ago, and i think that w
sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the...
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Feb 22, 2013
02/13
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how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake on this bounce, it would appear, dow down. s&p, 1513. also higher on oil but we've lost a lot this week. gold, as you can see, 1572. still way below the $1600 level. that market bouncing back clearly, sign number one, for investors heading into the weekend. sign number two comes from europe. european commission very negative on the country's economic prospects for the year. they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, jame
how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake...
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Feb 26, 2013
02/13
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the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these annual figures will be released by the energy department later this week. that report in the ft today. take a look how crude is trading, down $0.67 at 92.44. forget all the recent hoopla about a comeback for u.s. automakers, forget some of it at least. less than an hour ago consumer reports released its annual list of where it ranks top models and brands. lo and behold this year there are no american cars in the top ten on quality rankings. phil lebeau in chicago with the sobering news for the big three. phil. >> this is a case where reliability is slipping
the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these...
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Feb 25, 2013
02/13
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it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had hoped. they expected at this point we would have conclusive results out of the i tal yn election. we do not have conclusive results at this point and it is possible that italians may have to vote again for a new prime minister if we don't get an answer in this round. here's what the markets thought would happen. they thought a guy named louigi berosoni, who most americans haven't heard of, would win. and that silvio burr burr le /*y scony would come in 1ekd. he may not have any seats in the government. the mario monti part is crucial because he was sup
it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had...
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Feb 7, 2013
02/13
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the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may merge and become a doozy beginning fr
the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep...
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Feb 28, 2013
02/13
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the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick move here-to-date. the s&p coming in today was up 6.5% in two months. that's a great annualized return so the markets ebb and flow, but the fact is the market is going to go the direction of the economy, and the economy is stabilizing and will start to accelerate. >> i don't know that it's stabilizing. you make a lot of good points because we do see the spots of weakness and anemic growth in a lot of areas except for housing which continues to show strength which darryl correctly points out. let me get your talk on interest rates. when would you expect rates to start movi
the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick...
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Feb 22, 2013
02/13
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u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautious
u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the...
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Feb 15, 2013
02/13
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whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does pro
whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is...
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Feb 6, 2013
02/13
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the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the threat of global warming, and provide unlimited power. >> for example, the laptop would come pre-charged with all of the energy that you would ever intend to use. >> automobiles? >> same. [ticking] >> they've constructed one of the largest, most sophisticated machines ever built to try and replicate what the universe was like just a few nanoseconds after it was created. >> why do you want to do that? >> why wouldn't you want to know that? >> well, you'd want to know it, but, you know, spending $8 billion to find o
the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the...
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Feb 4, 2013
02/13
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the u.s. this is not just a uk issue. it seems around the world, there is no appetite. but practically speaking, what will be the impact of this? >> i think of two elements. retailers have pretty much moved to very high margines and this product. those products are not necessarily totally restricted, but it's nothing like what is available in the early part of the season. you've got high margins, retail banking creating a lot of cash flow, but it's a very, very low growth business. you can't grow the business so far, your return will be 7%, 8%, 9% yield as an investor. the trick side is, how do you get from where you are to where you should be or where you're being told to be? i think in rbs's case, there's a better chance of getting there quicker. >> we'll leave it there. spanish prime minister march anna rajoy is meeting with angela merkel today in berlin. this ahead of parliament talks. this comes amid a corruption scandal at home that has called widespread calls for his resignation. he cam
the u.s. this is not just a uk issue. it seems around the world, there is no appetite. but practically speaking, what will be the impact of this? >> i think of two elements. retailers have pretty much moved to very high margines and this product. those products are not necessarily totally restricted, but it's nothing like what is available in the early part of the season. you've got high margins, retail banking creating a lot of cash flow, but it's a very, very low growth business. you...
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Feb 22, 2013
02/13
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the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room an
the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be...
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Feb 28, 2013
02/13
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-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5 million. so about a quarter of people who are unemployed get the benefit. so this is not a country where you can sit on the couch -- >> the reason that we're worried -- connect the dots in italy why we're now worried. the labor reforms that were going to happen based on having a stable government are not going to happen now and you're going to be stuck with no growth for 20 years. we don't want a labor situation -- >> italy had no growth for 15 years and everyone thought berlusconi was -- >> we don't want any of that. because, you can never -- you c
-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5...
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526
Feb 26, 2013
02/13
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. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are chasing yields so it's having -- still a dividend over the woman of years. i wand to talk about acquisitions. >> this value game is focused on taking the money back. how about expanding the money share. how about sitting with china mobile. can't make a deal because they are worried about subsidies. they are getting hurt over there becauses prooit prices are too high. how about an iphone mini or iphone 5s. samsung has a new device coming out and will kill them off europe in europe. >> mostly invested in apple because for ten years i've owned all their products and it worries me when the value guys are circling. will the c
. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are...
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Feb 4, 2013
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u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes were headed for lebanon. you can see right now, crude oil prices down by about 11%. 96.85. and, steve, i'll send it over to you. >> we'll talk to boeing about compensation for the grounding of the dreamliner. it estimates it will cost nearly $8el million through tend of march. barclay's finance director chris lucas and the bank's top legal expert are set to retire. the departures add to change at the top as the financial giant struggles to put disasters behind it. resimple in moment will officially beco
u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes...
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Feb 6, 2013
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in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like opening a whole new window that you never saw before. and you open the window, and you get a whole new vista of things that might happen that you didn't have access to before. so from a scientist's point of view, it's the biggest thing to happen in particle physics in, say, 20 or 30 years. >> yeah. >> what's the average person gonna get out of this? >> what the--the best thing is, we don't know. >> some scientists believe the experiment could lead to the discovery of other dimensions beyond length and width and depth. they've long suspected that they exist, but lack the knowledge to detect them. they also hope to le
in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like...
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Feb 6, 2013
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the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office could be eliminating or cutting back deliveries on saturday. we'll explain. they carry the official announcement at 10:00 a.m. this morning. >>> we start with disney. shares rising pre-market, set to open at all-time highs at fiscal fourth quarter profits beat the markets. growing attendance at the theme parks. real news came during bob iger's interview with our own julia boorstin. >> in fact, we are working on a few stand-alone films. larry kazden and simon ginberg are working on films derived on "star wars" characters that are not part of
the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office...
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Feb 20, 2013
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the u.s. session. over here, the action's started. the sterling/dollar behind me, down .8%. we did fall below the 154 level. guys, we've been flirting with 153, below 153 in the last couple of minutes, as well. the first time we've been at these levels since last july. more significantly it comes as the bank of england saw governor king who's leaving outvoted with others on wanting to increase the size of the quantitative easing program. don't expect that they're sort of shedding any tears over the strong market reaction today when those minutes pass. the bank of england saying the weaker sterling is good for growth. a lot of britains tonight agree as they look at a continuing rob of their discretionary purchasing power. that story is something not just britain is dealing with for the time being. what it is doing, if we can flip over to the market reaction for stocks, is helping bolster the ftse. so after hitting the five-year highs, now punching above the 6,400 level for the first time since
the u.s. session. over here, the action's started. the sterling/dollar behind me, down .8%. we did fall below the 154 level. guys, we've been flirting with 153, below 153 in the last couple of minutes, as well. the first time we've been at these levels since last july. more significantly it comes as the bank of england saw governor king who's leaving outvoted with others on wanting to increase the size of the quantitative easing program. don't expect that they're sort of shedding any tears over...
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Feb 20, 2013
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the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high.
the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's...
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Feb 26, 2013
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and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks. we saw yesterday and you know he's not becky. you did say here with becky. he was sitting right there. he looks nothing like her. >> every morning when you say the same thing -- >> i know. andrew and cliff. but before we get to home depot and is home depot is out and we're going to do this as quickly as possible. but there will be political maneuvering on what happened yesterday in the markets based on the sequester the.and because people don't watch it as closely as us, they're going to see the sequester is n
and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks....
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Feb 8, 2013
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>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and kelly, let me give you the whole story. the lawsuit was filed by three former ubs clients in the u.s. they evaded taxes with the help of ubs. then they paid back their taxes plus a 20% fine when they took part in an irs amnesty a couple years ago. then they tried to recover some of those damages claiming that ubs failed to tell them that they actually needed to disclose those ubs accounts. by failing to do that, obviously, they committed tax evasion. but, again, the appeals court has thrown out that lawsuit and saying the p
>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and...
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Feb 18, 2013
02/13
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the number of u.s. homes entering the foreclosure process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well says housing baron sam zell. >> everybody kind of has ignored the fact that there's still 3 to 4 million houses in purgatory. not for sale. not foreclosed. maybe occupied, maybe not occupied. and you've got to address that. >> if you're looking for somebody who has done it all, look no further. he's with us. bob hormats is vice president of goldman sachs international. at the state department making the case for american companies overseas. bob, it's good to see you again. >> great to be back on your show. >> thank you so much for joining us. let me begin on sort of this front-and-center issue that we're all talking about and that is sequestration. mandatory spending cuts that are going to take effect on march 1st, i realize we don't know what's going to happen. but what's the impact if sequestration happens? do you think the economy
the number of u.s. homes entering the foreclosure process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well says housing baron sam zell. >> everybody kind of has ignored the fact that there's still 3 to 4 million houses in purgatory. not for sale. not foreclosed. maybe occupied, maybe not occupied. and you've got to address that. >> if you're looking for somebody who has done it all, look no further. he's with us. bob...
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Feb 28, 2013
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and they want the protection of the bonds and i think investors are covering everything right now the u.s. is still the safe haven. >> covering the basis doesn't give the investors a lost confidence in terms of what we are seeing but here's another way to think about it. the last time we saw this level, bond yields were almost 5%. now we're below two. history is saying that something has to give. which do you think will break first? stocks or bonds? >> i think stocks are going to break first in the near term because of the 14% rally since mid-november. can they rally together in the short term? they can. stocks have been rallying because the fed has been buying bonds and in a more global level, when you talk about the wash and liquidity, so many things have become toxic. at some point in time, global money has to find something and bonds and perception of safety stock. i think the rally since november worries me a little bit. >> we could see the stocks break first. obviously all eyes on the markets right now. now you know how our guys are making money but the question is, how about you? a
and they want the protection of the bonds and i think investors are covering everything right now the u.s. is still the safe haven. >> covering the basis doesn't give the investors a lost confidence in terms of what we are seeing but here's another way to think about it. the last time we saw this level, bond yields were almost 5%. now we're below two. history is saying that something has to give. which do you think will break first? stocks or bonds? >> i think stocks are going to...
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Feb 4, 2013
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let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s. equity market is that we might not see a pullback. i feel like everyone's expecting one. and we might not actually see one. for a bunch of reasons. i mean, last year, i think one thing that was a little bit different was that sentiment was not as negative as it was at this point, where we are today. if you look at wall street strategists, equity allocation is still sub 50%. you've still got a lot of strategists with price targets below where the market is today. i feel like a lot of investors have regarded this rally that we've seen so far as, you know, too far, too fast. yet it might not be. i think we
let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s....
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Feb 14, 2013
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the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a stock market boom, too. >> dean, the name of your firm is macro, right? >> yes. >> so you're used to looking macro? >> yes. >> but typically, three were four, five years ago, isn't your first thing that you talk about, you mentioned washington, the sequester, the debt ceiling, every single thing you mentioned was policymakers. has it always been like that or is this a different period for your firm? >> this is i think pretty new. >> so it's hard to avoid talking about those things, right? >> that you have to pa
the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a...
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Feb 19, 2013
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and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe mentioned, the s&p winning streak has been a strong one. in the meantime, the dow is coming off a second straight weekly loss. although, really, if you looked at this last week, it was the ever so slightest of losses. u.s. equity futures are indicated higher. dow up by 21 points. s&p is up by two points above value fair and the nasdaq is up about 3. in 20 minutes, we'll turn to predictions on where the markets go from here. then in the next hour, delivering alpo. we'll talk to the manager of a $11.5 billion hedge fund. this fund was up 30% last year. don't miss pine river's ceo
and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe...
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Feb 11, 2013
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u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's that little circle we used to have on our baseball bats. we have to be careful about that thing cracking in half. that's what i think a sweet spot is. here we are, you have a 7.9% rate. i can debate all long about whether the housing market is getting better or not. that's the reason why we have this influx of qe. why would we be without qe? ultimately, it's all about growth and we just don't have it. here we go, the stocks are full steam ahead. i can't tell my customers not be on board, but i can tell them not
u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's...
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Feb 22, 2013
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>> yeah, i think that the u.s. situation is actually easier to be more relaxed about than the overseas one. although the overseas one is where the value is. so let's deal with the u.s. first. i do think that the -- i mean, let's understand what we're talking about growth. simon, you and i have had this conversation. i think we're talking about small amounts of growth. but i do believe that in the last quarter of last year, the first quarter of this year, you're going to see the slowest period in u.s. growth and you won't see the u.s. go into recession. outside of the u.s., you've had some very, very stimulative measures in japan, and there is a -- because that market has been the real winner, particularly if you haven't known the yen, the nikkei has been on fire. i think there's a lot of expectation for growth coming through in japan. and that really needs to be fulfilled in order for japan to go much higher. and finally, you've got china. i think that's probably where the biggest change is occurring, because there
>> yeah, i think that the u.s. situation is actually easier to be more relaxed about than the overseas one. although the overseas one is where the value is. so let's deal with the u.s. first. i do think that the -- i mean, let's understand what we're talking about growth. simon, you and i have had this conversation. i think we're talking about small amounts of growth. but i do believe that in the last quarter of last year, the first quarter of this year, you're going to see the slowest...
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Feb 7, 2013
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>> here in the u.s. you have a disconnect between what the bond markets are telling you and what the equity markets are telling you. if the bond markets are right, equities have a long way to run. >> oliver, thank you for being here. >> nice to see you. >> coming up we've got more -- >> happy valentine's day. >> treat your lady right. coming up, we've got more with our stanford economics professor john taylor. >>> coming up at the top of the hour, a "squawk box" exclusive interview with robert rubin. former treasury secretary of the united states. we'll talk about the path from debt disaster to economic prosperity. keep watching "squawk box" on cnbc. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> time now to get some final thoughts from our guest host john taylor. you make the case that the fed, by its easy money actio
>> here in the u.s. you have a disconnect between what the bond markets are telling you and what the equity markets are telling you. if the bond markets are right, equities have a long way to run. >> oliver, thank you for being here. >> nice to see you. >> coming up we've got more -- >> happy valentine's day. >> treat your lady right. coming up, we've got more with our stanford economics professor john taylor. >>> coming up at the top of the hour, a...
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Feb 21, 2013
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Feb 18, 2013
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>> or maybe see their banker when they came to the u.s. >> it was those visits to the u.s. which birkenfeld told the government about that ultimately got ubs in so much trouble. the bank would sponsor lavish events like yacht races in newport and the art basel modern art festival in miami beach to attract wealthy americans. then it flew in its bankers from switzerland to mingle and to try and drum up new clients and conduct business with existing ones. because the swiss bankers weren't licensed to conduct business in the united states, it was a clear violation of american banking laws on u.s. soil, and birkenfeld provided internal documents that proved the length that ubs would go to in order to avoid detection. >> call it a vacation rather than a business trip. rather than saying, "oh, yes, i'm coming to see my private clients here in the united states. and i'm coming in from zurich, switzerland." >> did you bring records into the country with you when you came in? >> generally, no. i did not. my colleagues brought in encrypted laptops. >> encrypted laptops. >> yes, so tha
>> or maybe see their banker when they came to the u.s. >> it was those visits to the u.s. which birkenfeld told the government about that ultimately got ubs in so much trouble. the bank would sponsor lavish events like yacht races in newport and the art basel modern art festival in miami beach to attract wealthy americans. then it flew in its bankers from switzerland to mingle and to try and drum up new clients and conduct business with existing ones. because the swiss bankers...
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Feb 11, 2013
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not just the u.s. company that does a lot of business overseas but a genuine company based in another country. why? because the u.s. has become the caboose of the economic lag train. we're lagging everyone, china and germany. and you up to keep it away from the congressional lock jams. even if we were leading the rest of the world you'd still want to have something foreign purely for the sake of international d diversification. and you need that because of the partisanship that's so nasty. you don't have to bet on anything exotic look a chine chinese -- like a chinese company, am though those countries are where the growth is. buy canadian stock. their financials look like ours. canada is healthy. one that handled the financial crisis and the recession than we did here in the u.s. you can think of etfs. the ewj in japan, the eww in brazil. those are etfs that act as proxies for the continents overseas. you can no longer just phone home. you have to go around the world for 20% of your holdings. please d
not just the u.s. company that does a lot of business overseas but a genuine company based in another country. why? because the u.s. has become the caboose of the economic lag train. we're lagging everyone, china and germany. and you up to keep it away from the congressional lock jams. even if we were leading the rest of the world you'd still want to have something foreign purely for the sake of international d diversification. and you need that because of the partisanship that's so nasty. you...
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Feb 6, 2013
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you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >> let get reaction on the visa numbers. joining me to talk more about that in terms of reaction is gill laurier of webbush. thanks for seeing you. >> thanks for having me. >> what's your take on this, 182, 2.85 billion revenue? >> i'm most impressed by the upside to revenue. it means that the visa is still growing more on the 11%, 12% range as they did last year as opposed to slowing down to the 10%, 11% which we were previously expecting and i think master card is on the way to doing. that upside is impressive, and with their very high oper
you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >>...
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Feb 22, 2013
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do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can say it again to the american media through you, it's displacing venezuelan oil. canada or hugo chavis? i think it's a pretty simple answer. >> it's a great point to make. sur sure. >> mike: thank you very much. ambassador doer joining us live from caad. does this create the perfect buying opportunity. and later does it get any raise year than this? danica patrick is the first woman ever to take the policy at the daytona 500. the question everyone has now is will she win the race? plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like every
do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can say it again to the american media through you, it's displacing venezuelan oil....
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Feb 7, 2013
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economy, a strong dollar is good for consumption, and consumption 70% of u.s. gdp. that's why u.s. equities in the currency war scenario i think is very accurate and actually look pretty compelling. >> i guess my only concern, getting back to the consumer spending, not seeing wage growth in the country and if we don't see wage growth consumers will have a tough time spending beyond their car or their house. that story has been done and documented. look at restaurants and the malls and look at retailers, it really isn't that strong of a picture so i think, you know, to say that the u.s. consumer is doing great is going to drive gdp. i don't know if we're seeing that. the retail sales numbers weren't that great today. >> i think it's all to some extent forward looking, but your point on income is a fair one. at the same time, income or, you know, the wealth of somebody increases with a stronger dollar and a higher home price so there's the income and the balance sheet side of the consumer. >> i guess the question is in terms of the broad economy. we know it's not necessarily fundamen
economy, a strong dollar is good for consumption, and consumption 70% of u.s. gdp. that's why u.s. equities in the currency war scenario i think is very accurate and actually look pretty compelling. >> i guess my only concern, getting back to the consumer spending, not seeing wage growth in the country and if we don't see wage growth consumers will have a tough time spending beyond their car or their house. that story has been done and documented. look at restaurants and the malls and...
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Feb 28, 2013
02/13
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what they have to do is take the u.s. playbook, as they call it, and take it to the international markets can, which is not just one market. europe is big, uk within that is a big market. they have to take a lot of the technology from the u.s. internationally and as they do that, international should start to turn a profit. it lost money for the second quarter in a row in the fourth quarter. it was profitable earlier but i think that changed to where its profitability is in the second quarter. >> trying to draw merchants in and participate, i assume you're sensing some hesitancy by merchants to play. is that also in the process of turning it around? >> i think their strategy is to upgrade the merchant quality. so in doing that they are going to find some merchants that haven't tried groupon who might be willing to try it. i think groupon's strategy is, let's give more merchants a try and some merchants that are maybe more national and with product that had more clout, that's where they are going which, again, long term is
what they have to do is take the u.s. playbook, as they call it, and take it to the international markets can, which is not just one market. europe is big, uk within that is a big market. they have to take a lot of the technology from the u.s. internationally and as they do that, international should start to turn a profit. it lost money for the second quarter in a row in the fourth quarter. it was profitable earlier but i think that changed to where its profitability is in the second quarter....
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Feb 21, 2013
02/13
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difference between the u.s. economy, which is okay, and the european economy which is contracting further. difference between a federal reserve that may step back from easing and other banks in europe that may have to go further in easing and difference between the eurozone as well itself. so the pmi data that carl refers to indicate that we're still getting the eurozone contracting in the second quarter, but look at the difference now between france and germany. germany is beginning to pull back but these two major economies right at the heart of the eurozone, the two biggest economies going in different directions, the rest of the eurozone falling and france arguably questionably going into a tail spin along with that. so let's work our way through the price action in response to that. yes, if you look at the minors because of what's happening with the feds and metals, you see the mining stocks are in negative territory. it's also time for a lot of europeans to book profits they've had. the french banks, for e
difference between the u.s. economy, which is okay, and the european economy which is contracting further. difference between a federal reserve that may step back from easing and other banks in europe that may have to go further in easing and difference between the eurozone as well itself. so the pmi data that carl refers to indicate that we're still getting the eurozone contracting in the second quarter, but look at the difference now between france and germany. germany is beginning to pull...
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Feb 1, 2013
02/13
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we have plenty of oil in the u.s. and there is concern about a key pipeline that was supposed to take crude from texas being delayed and being at full capacity until the fourth quarter. we have seen changes with the bomb here to the u.s. in 2007 where oil stood at last time the dow was at 14,000. back then, we saw tro pro ducks levels around 8.5 million barrels a day here in the u.s. now at 11 million per day. back then, prices 80 bucks. now at 98. that has to do with the fact that oil and equities seem to be moving quite a bit in tandem. back to you. >> sharon, thank you he much. and keeping with the rally and theme today. as well as an angle. fill is join issing us and phil i said i thought front to back, forth had the best looking group of new cars of any car maker out there. seems like customers agree. >> they had a soiled month. no doubt about that, brian. we will go over ford numbers in a bit. but first off, news that rhonda report january sales with increase of 12.8%. honda seeing a big game forty new accord. a
we have plenty of oil in the u.s. and there is concern about a key pipeline that was supposed to take crude from texas being delayed and being at full capacity until the fourth quarter. we have seen changes with the bomb here to the u.s. in 2007 where oil stood at last time the dow was at 14,000. back then, we saw tro pro ducks levels around 8.5 million barrels a day here in the u.s. now at 11 million per day. back then, prices 80 bucks. now at 98. that has to do with the fact that oil and...
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Feb 5, 2013
02/13
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here is u.s. attorney general eric holder. >> during this period nearly every single mortgage backed cbo rated by s&p not only underperformed but failed. simply this alleged conduct is egregious and goes to the very heart of the recent financial crisis. >> important to note. this is a civil lawsuit not a criminal case, so it's much easier for the government to prove. this increasingly is the way the feds are going after the financial crisis. but officials still insist they will not shy away from criminal prosecution if they have the facts. s&p says regarding, the government doesn't have the facts here. in a statement the company says 2020 hindsight is no basis to take legal action against opinions of professionals. tyler. >> good reporting. >>> president obama about to make a statement on his budget proposals. we will have it for you when it happens. it will be from the white house, that podium, then we'll talk live with ranking democrat on the ways and means committee, the big taxing committee. s
here is u.s. attorney general eric holder. >> during this period nearly every single mortgage backed cbo rated by s&p not only underperformed but failed. simply this alleged conduct is egregious and goes to the very heart of the recent financial crisis. >> important to note. this is a civil lawsuit not a criminal case, so it's much easier for the government to prove. this increasingly is the way the feds are going after the financial crisis. but officials still insist they will...
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Feb 13, 2013
02/13
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jobs and damaging u.s. business. then you have this attack -- >> we're late on stuff. >> if you look at iran -- >> we have a picture of a guy in his bathrobe in a trailer somewhere causing the hackings to go on, but we're talking about nation states that can be responsible for this in many cases, don't we? >> oh, absolutely. i mean, chinese, they show up in military uniforms. they are hired and trained by the military, and their job is to get into networks in the united states, steal intellectual property, bring it back and give it back to the so-called commercial sector for them to steal and develop that product, statement there's a new level of attack of what is publicly report as iran. that's now at the shores of the united states. they are not a rational actor when it comes to trying to bring down banks or financial services networks. this is as serious as it gets. it's as big a national security problem as i have ever seen that america is not ready to handle. >> absolutely. >> and that's why it's so important th
jobs and damaging u.s. business. then you have this attack -- >> we're late on stuff. >> if you look at iran -- >> we have a picture of a guy in his bathrobe in a trailer somewhere causing the hackings to go on, but we're talking about nation states that can be responsible for this in many cases, don't we? >> oh, absolutely. i mean, chinese, they show up in military uniforms. they are hired and trained by the military, and their job is to get into networks in the united...
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Feb 6, 2013
02/13
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it is what gates calls refining renaissance and u.s. refiners are able to produce gasoline more cheaply than elsewhere in the world. that's because the price of u.s. oil right now is just above $96 a barrel. compare that to crude prices from the north sea which is near $116 a barrel. that is $20 discount. the widest we have seen this year and it is makesing gasoline a lot cheaper than it is in other countries. east coast refineries, like new jersey refineries, are shutting down. in the middle part of the country, refineries like the largest one in the midwest from bp spending billions of dollars to expand the refinery so they are able to capitalize on the canadian and u.s. oil in that country. shut downs we are seeing and plan maintenance and repairs at refineries around the country caused a tightness of supply on the east and west coast. this is trackeling down to the biggest losers in all this. that of course is the consumer. higher prices at the pump are a result as traders here behind me are bidding up the price of gasoline futures.
it is what gates calls refining renaissance and u.s. refiners are able to produce gasoline more cheaply than elsewhere in the world. that's because the price of u.s. oil right now is just above $96 a barrel. compare that to crude prices from the north sea which is near $116 a barrel. that is $20 discount. the widest we have seen this year and it is makesing gasoline a lot cheaper than it is in other countries. east coast refineries, like new jersey refineries, are shutting down. in the middle...
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Feb 21, 2013
02/13
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the u.s. doing okay. again, hewlett-packard better than anticipated. >> all right, david, thank you. stay right there. we're going to bring in david garrity and roger kay of end point technologies associates. good to see everybody. thanks for joining us. want to point out aig numbers are also out, and i want to tell our viewers that there is stock to buy in aig after the close tonight. just spoke with the market-maker there, so we're watching that story as well as this story. hewlett-packard though is the focus right now. david garrity, what's your take on the quarter? >> the earnings multiple for the company, single digits, a five handle. i mean, here's a company. it's great and wonderful that they are doing better in terms of businesses that are losing share in the overall computing market, and it's thighs to see that they are getting some positive margin surprises, but the fact of the matter is hewlett-packard was initially thought to be an innovator and what we see out of corner, fine, we
the u.s. doing okay. again, hewlett-packard better than anticipated. >> all right, david, thank you. stay right there. we're going to bring in david garrity and roger kay of end point technologies associates. good to see everybody. thanks for joining us. want to point out aig numbers are also out, and i want to tell our viewers that there is stock to buy in aig after the close tonight. just spoke with the market-maker there, so we're watching that story as well as this story....